[Tex0gen]

Hi there,

I am currently working on a website where SOME users will be required to pay for an online service. I have looked at paypal and other various ways to accept payments over the net, however i am NOT a business. I am not require (by law) to start a business until i start making over £10,000PA as far as i am aware, yet the payment modules im looking into are asking for business details.
Is there a way i can around this? IE another payment module anyone knows about?

[BlueDreamer]

Even if you are trading as an individual you are still technically a "business", eg a sole trader, so you need to provide required details to the payment processor. Also, as your site will offer a paid service that is also seen o be a business.

[Sogo7]

I'd put that figure a little lower myself, more around the 6.5k mark being roughly equivelent to Income support and housing benefit etc combined as the threshold where the taxman is supposed to become involved.

If you already have a job and your web endevours are supplemental income you are supposed to declare it. Vaugely recall something about a loophole wherby if the accounts show no profit for four out of seven years you get 'hobby' status and discount.

For those who are registered as unemployed and claiming there is no escape, every penny you earn is deducted from support payments, provided of course you tell them. Bearing in mind that under the RIPA act they have the authority to examine your bank account it's a generally considered a bad idea not to upset them. The Jobcentre does occasionaly run a self-employed startup scheme that may be worth exploring.

ammendum

PayPal does not care who you are and you can call yourself a 'sole trader' and just use your own name and address as business details.

Though they prefer you be tied to them by a bank account they will issue a written cheque that could be cashed by the likes of 'The Money Shop' but it's an expensive way to stay under the radar.

This post has been edited by Sogo7: 24 November 2011 - 05:13 PM

[Lovelock]

Not sure what country your from, but ive recently started accepting money for goods online and have had to register with the HMRC as self employed.

The limit is about 5200 before you start paying tax so thats the only thing i cant think of being relative.

[MikeChipshop]

Tex0gen, on 24 November 2011 - 03:37 PM, said:

Hi there,

I am currently working on a website where SOME users will be required to pay for an online service. I have looked at paypal and other various ways to accept payments over the net, however i am NOT a business. I am not require (by law) to start a business until i start making over £10,000PA as far as i am aware,

It's more like 5k
Also, whether you make 10k or 10p you need to register the business, or yourself as a sole trader, within 3 months of the initial trading date.

[roothost]

MikeChipshop, on 24 November 2011 - 05:25 PM, said:

It's more like 5k
Also, whether you make 10k or 10p you need to register the business, or yourself as a sole trader, within 3 months of the initial trading date.

As above, you have 3months to register as trading, regardless of earnings. And, sorry, but if you are offering something in return for payment, you are a business lol. Just because you may not make a profit, doesn't mean you you aren't a business.

[Tex0gen]

I knew id have to be a business at some point, does it cost anything to register as a business? I just dont want to be spending money if its not going to lift off. (Though i am pretty sure it will).

[roothost]

Going to go out on a limb here, and probably get flamed for it!!

How on earth do you ever expect to succeed as a business if you;

• aren't willing to spend any money starting up
  
• takes calculated risks

No business just 'works', you have to work at it. That involves some amount of initial spending in advertising/marketing with no, that is correct, guarantee of a ROI.

There are a certain few members on here that bitch about not having any work and they tend to have the same attitude as yourself, in that they just want to set up a website and expect clients to come flooding in! Just doesn't happen like that (if it does then you are undervaluing yourself as a web designer and should be in a multi-million pound marketing contract!).

To answer the question (lol) no it doesn't.

[a1digitalmedia]

What country are you located in?

In the UK its around until your earning 7,500 then you have to start paying National Insurance and Tax.

[roothost]

a1digitalmedia, on 01 December 2011 - 12:59 PM, said:

What country are you located in?

In the UK its around until your earning 7,500 then you have to start paying National Insurance and Tax.

Still need to register within 3 months, regardless of any earnings..

[jsherry]

you can try Money Booker i think they provide better options
there must be solution of your problem .

[roothost]

jsherry, on 22 December 2011 - 02:08 PM, said:

you can try Money Booker i think they provide better options
there must be solution of your problem .

WTF? I mean seriously, WWWTTTTTFFFF??????

Money Booker? Are they some new Tax body in the UK that I am unaware of?